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Is Google Making the Blockchain Searchable?
I came across an interesting article on Forbes the other day by Michael del Castillo. He tells a story about data scientist Allen Day, a former Google employee, who while looking at some of the tools he developed there, saw something puzzling. What he saw was âa mysterious concerted usage of artificial intelligence on the blockchain for Ethereum.â
Day was able to look into its blockchain and see a âwhole bunchâ of âautonomous agentsâ moving funds around âin an automated fashion.â Although Day has no idea who created the AI, he suspects âthey could be the agents of cryptocurrency exchanges trading among themselves in order to artificially inflate etherâs price.â
Day also remarked that he didnât believe this was the work of a single exchange, but is rather a group effort. Part of Dayâs job is anticipating demand for a product before it even exists, and in the light of what he has seen, he believes that making the blockchain more accessible is the next big thing.
Letâs not forget that Google made the Internet more usable, bringing it billions in revenue, and if Day is correct in his predictions it could have another major pay day by making the blockchain searchable. Del Castillo says if it does, âthe world will know whether blockchainâs real usage is living up to its hype.â
Day has already been working on this with a team of open-source developers, who have been loading data for bitcoin and ethereum blockchains into Googleâs big data analytics platform called BigQuery. And, with the help of lead developer Evgeny Medvedev, he created a suite of sophisticated software to search the data.
Day is hoping that his project, known as Blockchain ETL (extract, transform, load) will bring Googleâs revenues from cloud computing services up to the level of Amazon and Microsoft. Google is some way behind both of them, but it will struggle to match Amazonâs revenues of $27 billion from cloud services, because Amazon has been in the blockchain game since 2018 with a suite of tools for building and managing distributed ledgers. And Microsoft got into the space in 2015, when it released tools for ethereumâs blockchain. These two companies are focused on making it easier to build blockchain apps, whereas Day wants to reveal how blockchains are actually being used, and by whom.
Day has been demonstrating how his Blockchain ETL could function by examining the hard fork that created bitcoin cash (BCH) from bitcoin. âIâm very interested to quantify whatâs happening so that we can see where the legitimate use cases are for blockchain,â Day says. âThen we can move to the next use case and develop out what these technologies are really appropriate for.â
Day is now expanding beyond bitcoin and ethereum. Litecoin, zcash, dash, bitcoin cash, ethereum classic and dogecoin are being added to BigQuery.
It seems Google is waking up to blockchain and is now powering ahead by filing numerous patents related to the blockchain. The company is also encouraging its developers to build apps on the ethereum blockchain, and GV, Googleâs investment division has made some investments in crypto-related startups.
Is Google making the blockchain searchable? was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
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